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I am not holding my breath waiting for Ethereum Proof of Stake. When is the switch? What are the incentives for nodes and miners to switch?
by jacobush 9y ago
I am not holding my breath waiting for Ethereum Proof of Stake. When is the switch? What are the incentives for nodes and miners to switch?
- AgentME 9y agoA lot of Ethereum users are excited for a solid proof of stake system. The incentive is visible in this thread: people want to feel they're not contributing to wasting electricity. And the incentive for miners ... well, Ethereum doesn't need them if it has proof of stake, so that part doesn't matter. They don't dictate the rules of the system.
- jacobush 9y agoWithin the system, they have not. External to the Ethereum network, I expect people heavily invested in mining infrastructure to fight tooth and nail to protect their investments.
- akvadrako 9y agoIt won't happen anytime soon because PoS is still theoretical and might even be impossible to do securely.